American Bitcoin posts $126M profit but misses on revenue
The Trump-linked miner swung to a big third-quarter profit, yet revenue of $63.4 million came in under analyst forecasts.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- American Bitcoin reported a $126 million profit for the third quarter.
- Revenue fell to $63.4 million, below analyst estimates.
- Bitcoin production declined during the quarter.
- Higher summer electricity prices pushed mining costs up.
American Bitcoin, the Trump-linked mining company, swung to a $126 million profit in the third quarter. Revenue, though, missed. It fell to $63.4 million, under what analysts had forecast.
What went wrong on the top line
Two things hurt. Bitcoin production declined over the quarter, which left the company with less to sell. And summer electricity prices rose, so running the machines cost more.
That's a nasty pairing for any miner: fewer coins, bigger power bills.
The profit puzzle
A $126 million profit sitting next to shrinking revenue looks odd. The facts we have don't explain the gap, and I won't guess at it. Miners' bottom lines often get swung by non-operating items, so read the full filing before you treat that profit as proof the core business is healthy.
Why it matters
If you hold or trade mining stocks, don't lean on the headline profit. Revenue and production give a cleaner read on the underlying operation, and both disappointed here. Power costs are the other number to watch. They hit every miner, and a summer spike can eat into margins fast. The open question is whether American Bitcoin can grow output while keeping energy costs in check.
Source: CoinDesk
Top Crypto Casinos Right Now
🇺🇸 Showing sites that accept players from United States Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Mia Chen
Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.
Related News
Tech Stocks Split After Democratic Sweep: Microsoft Up, Nvidia Down
Prediction Markets Are Betting on a Democratic Sweep in the Midterms
Cipher posts $31M profit, but an accounting gain does the heavy lifting
